BUY! DEERE & CO (DE) NYSE

  Report No. 1519    Analysis by: Harry Aloof     MAY 16, 2002

DEERE & CO (DE-NYSE): Technical Viewpoint: From a low of $41.63 on Apr 24, 2002 prices rallied, reaching a high of $45.33 on Apr 30, 2002. A decline saw prices pull back, reaching a low of $42.09 on May 13, 2002. Another rally saw prices penetrate resistance, closing 5/15/02 at $47.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 15, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $44.50. Resistance: Is at $49.05. Point & Figure: Reversed to the upside on May 14, 2002. A P&F upside reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! DEERE & CO (DE-NYSE) @ $48.50 Stop: Use a protective stop of $45.88. DEERE & CO is currently trading @ $47.90 plus $2.20 on May 15, 2002. Price Objective: $57.00. Risk/Reward: $2.63 VS. $8.50. Today's Risk Reward Ratio: 3:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$57.00 Risk/Reward:
$2.63 VS. $8.50 Risk/Reward Ratio:
3:1
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